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in the next half hour. but first, sorry to do this, we have to talk politics. >>> president obama says more tax revenue will be needed to help reduce the deficit. he'll push to get rid of loopholes such as the carried interest tax break enjoyed by private equity firms and hedge funds. >> i don't think the issue right now is raising rates. the question is, if we're going to be serious about reducing our deficit, can we combine some smart spending cuts, because there's still waste in government, can we reform our health care programs in particular because we spend a lot more on health care than every other country does and we don't get better outcome. so there's a lot of waste in the system and there are things that we can do to reduce health care costs. >> asked about the contraction in fourth quarter gdp in the u.s., president obama blames the dysfunction in washington surrounding the fiscal cliff. a sharp drop in spending did over-shadow strong housing data. it followed unexpectedly strong defense spending in the fourth quarter. maybe some positive news there. tina, from citi, she's been t
for your thoughts on this one. president obama gave his two cents on the fate of the penny saying he's open-open to the idea of getting rid of the copper coin. the president says it costs more for the government to make a penny than it's actually worth. the mint says it costs nearly it.5 cents to produce and distribute a single penny. tell us what you think on that one. >>> meantime, let's take a very quick look at what's happening with the markets. the dow is down by 0.3%. walmart is down by 2.8% on the reports of that internal e-mail about february sales being a total disaster. the spokesman says sometimes these internal e-mails can be inaccurate. thanks for watching "street signs." have a great weekend. "closing bell" is next. >> hi, everybody. happy friday to you. welcome to the "closing bell." i'm maria bartiromo at the new york stock exchange. the major averages in danger of posting losses this week though. >> if we stay right here, we'll see that. i'm bill griffith. the dow does not be able to look like it will avoid a second consecutive losing week. the blue chip average down sharpl
for at tleeft two months. the obama administration's decision on the keystone oil pipeline won't be made until at least june. that's according to a u.s. officials. the projects has been pending for more than 4 1/2 years. of course, we've had lots of debate about the pipeline even here around this table. >> let's check on the markets this morning. the futures are probably going to be what steady as we go. we'll see what happens at 8:30. but not bad so far. that would be getting back almost exactly what we lost yesterday. we lost about 49 points. and there's a lot of -- it was a great january, but then got that gdp number. we're warning, does it necessarily mean that the market has been wrong about the economy? or was it the one off and was it, you know, some special factors that caused that shrinkage and does it get revised back up and subsequent reports? i've heard a lot of places. this is the best negative gdp report. >> well, if you're going to have to pick a negative one, this would be it. >> but there was a lot of good stuff. >> it doesn't startle the market at all when it came out. >> i d
when obama came in. 47 million now. that's more than the population of spain, 47 million. we all want to help people that are needy. but it's probably not a good idea to create and add to the people that are needy and then feel virtuous about helping them. if policies were able to take -- the 16 million back off food stamps that are on now by giving them jobs, by instituting policies that give them jobs to where they're -- i mean it's so good to feel good on the front end about being virtuous about helping people that are needy but what if you're adding to all the people that are actually in need, steve? >> one statistic that summarizes it, sequester. everybody's talking about the sequester. if "the wall street journal" pointed out, the amount of money we're talking about for one year on the sequester's cuts is one-third of one percent of the 3.6 trillion that we would have if we had a budget. but that's the number. we can't -- one-third of one percent of our budget? oh, my god! if anybody thinks we're going to give those young people a chance that says it all. >> it would be nice if
, guaranteed. ♪ sleep train ♪ your ticket to a better night's sleep ♪ >>> the obama administration saying the greatest threat to businesses could be cyber attacks. eamon javers has the latest from washington, d.c. >> good morning, melissa. i'm here outside the center for strategic studies in downtown washington where some of the top security experts are briefing industry trade and think tank folks here on what the rollout is going to be on the president's executive order that he announced on cybersecurity at the state of the union earlier in the week. the white house's top cyber guru talked about the scope and scale of these attacks. >> the threat is becoming more sophisticated and it's becoming more dangerous. we're moving up the threat spectrum from simply the internet equivalent of graffiti up to what you see what happened to saudi aramco with actual destructive impact. >> and what he's talking about there in that attack, officials said it was a month's long attack on the saudi arabian oil company designed to cut off oil production and sale, that hackers might have ability to do that.
Search Results 0 to 4 of about 5

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